HC-KAR IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 25^TH DAY OF OCTOBER, 2025 BEFORE THE HON'BLE MR. JUSTICE MOHAMMAD NAWAZ CRIMINAL PETITION NO. 6295 OF 2025 (482(Cr.PC) /

528(BNSS))

C/W CRIMINAL PETITION NO. 6199 OF 2025 482(Cr.PC) /

528(BNSS))

IN CRL.P No. 6295/2025 BETWEEN:

1. PRASIDDHI CHIT FUNDS PVT. LTD., OFFICE AT ASHIRWAD BUILDING, 4TH CROSS, SAMPIGE ROAD, MALLESHWARAM, BENGALURU - 560 003, REPRESENTED BY ITS DIRECTOR.

2. SRI. MAHESH S @ MAHESH PRASIDHI Digitally signed S/O SRINIVASA MURTHY, by LAKSHMI T AGED ABOUT 46 YEARS, Location: High RESIDING AT NO. 112, 4TH CROSS, Court of Karnataka MPM LAYOUT, NAGARABHAVI, BENGALURU - 560 072.

3. NIRUPA MAHESH W/O MAHESH S AGED ABOUT 34 YEARS RESIDING AT NO. 112, 4TH CROSS, MPM LAYOUT, NAGARABHAVI, BENGALURU - 560 072.

HC-KAR

4. SMT. HEMALATHA W/O ANJANEYALU AGED ABOUT 45 YEARS RESIDING AT 144/3, 1ST CROSS

2ND BLOCK, K S COLONY, THYAGARAJANAGAR BENGALURU - 560 028.

…PETITIONERS (BY SRI. TRIVIKRAM S, ADVOCATE)

AND:

1. STATE OF KARNATAKA BY MALLESHWARAM POLICE STATION REPRESENTED BY STATE PUBLIC PROSECUTOR HIGH COURT OF KARNATAKA, BENGALURU - 560 001.

2. SRI. SATHYAPRAKASH S/O SARANGAPANI AGED ABOUT 57 YEARS R/AT NO.57, 12TH 'A' CROSS, SINDHI HOSPITAL ROAD, SR NAGAR, BENGALURU - 560 027.

…RESPONDENTS (BY SRI. ANOOP KUMAR, HCGP FOR R1)

THIS CRL.P IS FILED U/S 482 CR.PC (FILED U/S 528 BNSS) PRAYING TO QUASH THE ENTIRE PROCEEDINGS IN CC.NO.29882/2023 ARISING OUT OF THE FIR IN CRIME NO.39/2017 FOR THE OFFECNES P/U/S. 420 R/W 34 OF IPC AND SECTION 76 OF THE CHIT FUNDS ACT, 1982 REGISTERED BY MALLESHWARAM POLICE STATION AND PENDING ON THE FILE OF THE LEARNED I ADDL. CHIEF JUDICIAL MAGISTRATE, AT BENGALURU CITY, QUA THE PETITIONERS FOUND AT ANNEXURE-C AND D.

HC-KAR IN CRL.P NO. 6199/2025 BETWEEN:

1. PRASIDDHI CHIT FUNDS PVT LTD OFFICE AT ASHIRWAD BUILDING, 4TH CROSS, SAMPIGE ROAD, MALLESHWARAM, BENGALURU - 560 003 REPRESENTED BY ITS DIRECTOR (MAHESH S. PETITIONER NO.2).

2. SRI. MAHESH S @ MAHESH PRASIDHI S/O SRINIVASA MURTHY, AGED ABOUT 46 YEARS, RESIDING AT NO. 112, 4TH CROSS, MPM LAYOUT, NAGARABHAVI, BENGALURU - 560 072.

3. SMT. NIRUPA W/O MAHESH S AGED ABOUT 34 YEARS RESIDING AT NO. 112, 4TH CROSS, MPM LAYOUT, NAGARABHAVI, BENGALURU - 560 072.

4. SMT. HEMALATHA W/O ANJANEYALU AGED ABOUT 45 YEARS RESIDING AT 144/3, 1ST CROSS

2ND BLOCK, K S COLONY, THYAGARAJANAGAR BENGALURU - 560 028.

...PETITIONERS (BY SRI. TRIVIKRAM S, ADVOCATE)

HC-KAR AND:

1. STATE OF KARNATAKA BY MALLESHWARAM POLICE STATION REPRESENTED BY STATE PUBLIC PROSECUTOR HIGH COURT OF KARNATAKA, BENGALURU - 560 001.

2. GEETHA PRIYA W/O PRASHANTH R AGED ABOUT 44 YEARS R/AT NO.13, 2ND MAIN, JYOTHINAGARA, NAGARBHAVI BENGALURU - 560 072 ...RESPONDENTS (BY SRI. ANOOP KUMAR, HCGP FOR R1)

THIS CRL.P IS FILED U/S 482 OF CR.PC (FILED U/S

528 BNNS) PRAYING TO QUASH THE ENTIRE PROCEEDINGS IN SPL.CC NO.2314/2023 ARISING OUT OF THE FIR IN CRIME NO.100/2017 FOR THE O/P/U/S 34, 420 OF IPC R/W SECTION 9 OF KPIDFE ACT AND SEC.76 OF THE CHIT FUNDS ACT, REGISTERED BY MALLESHWARAM POLICE STATION AND PENDING ON THE FILE OF THE LEARNED PRINCIPAL CITY CIVIL AND SESSIONS JUDGE AT BENGALURU AND SPL.COURT FOR KPIDFE ACT AT BENGALURU (CCH-1) QUA THE PETITIONERS FOUND AT ANNEXURE C AND D.

THESE PETITIONS, COMING ON FOR ADMISSION, THIS DAY, ORDER WAS MADE THEREIN AS UNDER:

CORAM: HON'BLE MR. JUSTICE MOHAMMAD NAWAZ HC-KAR

ORAL ORDER

Crl.P.No.6295/2025 is filed seeking to quash the entire proceedings in CC.No.29882/2023 arising out of FIR in Crime No.39/2017 registered at Malleshwaram Police Station, Bangalore City, for the offence punishable under Section 420 read with 34 of IPC and Section 76 of the Chit Funds Act, 1982.

2. Crl.P.No.6199/2025 is preferred seeking to quash the entire proceedings in Spl.CC.No.2314/2023, arising out of Crime No.100/2017 registered at Malleshwaram Police Station, Bangalore City, for the offence punishable under Section 420 read with 34 of IPC, Section 76 of the Chit Funds Act, 1982 and Section 9 of KPIDFE Act.

3. It is contended by the lear